PocketLaw | Kansas Statutes | Regulation Of Reinsurance Intermediaries

Regulation Of Reinsurance Intermediaries

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Section
40-4501

Citation of act.

Section
40-4502

Definitions.

Section
40-4503

Licensure of reinsurance brokers, managers and intermediaries, application fee; nonresidents, designation of agent for service of process; refund of commissioner to issue license; exemption for attorneys.

Section
40-4504

Contracts between reinsurance brokers and insurers; written authorization required, contents.

Section
40-4505

Same; records to be maintained by reinsurance broker; rights of insurer to access, copy and audit records.

Section
40-4506

Same; conditions; broker to provide insurer annual statement of financial condition.

Section
40-4507

Contracts between reinsurance managers and reinsurers; writing and commissioner's approval required; contents.

Section
40-4508

Same; reinsurance managers precluded from taking certain actions.

Section
40-4509

Same; conditions; manager to provide reinsurer annual statement of financial condition; actuarial opinion on adequacy of loss reserves; authority over retrocessional contracts and syndicate participation; notice of contract termination to commissioner; reinsurance manager, officers, directors, employees, controlling shareholders and subproducers ineligible for appointment to reinsurer board.

Section
40-4510

Examination; access to books, bank accounts and records.

Section
40-4512

Rules and regulations.

Section
40-4513

Continuation of existing contracts.